Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Earning this week for LBI are pretty much the same as they have been the past month. No idea why we cant get to over 2000 LEO again, it's been dangling in front of us like its teasing. So we earn 1954 this week, out biggest earner being from HIVE content rewards. Leo-voter missed a day this week but that seems to standard these days.
Everyting is about the same, some things are down a little like CUBlife and Other and some things are up like HIVE content, curation and UTOPIS. Not a bad week at all.
This week, i took around 55 HIVE from our 100 HIVE powerdown and converted it to HBD to top us up to 50 that i've added to our saving accounts. The remaining 45 HIVE was converted into LEO and we got around 350 for that. None was powered up this week as we had no liquid LEO left over after sending LEO for dividends.
The dollar value of our defi holding has increased some this week as the price of LEO, BTC and BNB all gained a few percent through the past week. Harvests were collected and converted to BNB until i decide what to do with it. CUB is at 2.5 cents and APY are pretty low so i'd like to explore something new. Im not in any rush and would rather take my time when deciding.
I was surprised to see that the LBI tokens price only fell by 0.01 LEO this week because LEO itself is up 10% from last week's report which normally results in a heavier decline because all of our non-LEO holdings are worth less LEO. No complaints and a nice surprise.
Im still looking for ways to increase our income with the budget we have and it looks to be slim pickings. At this point, even adding a gaming team is not an option because we lack liquid funds. We just have to hope that LEO can outperform HIVE during the bear market and pull back the ratio between the 2. We've seen LEO worth 3-4 HIVE each and LEO worth 0.15 HIVE, it's been a crazy wild swing.
We continue on and grow a little each week in overall holdings knowing that next bull run, we will be ready to kill it.
Have a great weekend everyone, diivdends should have been sent out already.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta